The number of Citizens Property Insurance policies in Florida changed little last week

Share
homeowner's insurance
Property insurance. by designer481 via iStock for WMNF News.

©2025 The News Service of Florida

The number of policies in the state’s Citizens Property Insurance Corp. was virtually unchanged last week.

Citizens had 939,376 policies as of Friday, up from 938,845 policies a week earlier, according to data posted on its website.

Citizens, which was created as an insurer of last resort, grew to 1.4 million policies in 2023 amid financial problems in the private market, but its policy count has decreased because of what is known as a “depopulation” program and improvements in the overall market.

The depopulation program is designed to shift policies to private insurers.

Citizens President and CEO Tim Cerio told lawmakers this month that Citizens forecasts it will end 2025 with about 771,000 policies.

State Insurance Commissioner Michael Yaworsky on Monday touted approval of the newly formed Mangrove Property Insurance Co. to provide coverage in Florida.

Yaworsky also has approved a proposal by Mangrove to assume up to 81,040 Citizens policies in April as part of the depopulation program.

Leave a Reply

  • (will not be published)

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

You may also like

Tropicana Field Tampa Bay Rays
St. Pete Council member: Rays killing the stadium deal means city can “provide so much more community benefits”

On WMNF's Tuesday Cafe, St. Pete City Council member Richie...

The Scoop: Tues. March 18, 2025, Florida and Tampa Bay headlines by WMNF

Round up of WMNF news headlines including private data request...

City of Tampa reopens facilities faced with costly hurricane damages

The City of Tampa is still reeling from the impacts...

The Scoop: Mon. March 17, 2025, Tampa Bay and Florida headlines by WMNF

WMNF The Scoop headlines and gun age law, kids off...

Ways to listen

WMNF is listener-supported. That means we don't advertise like a commercial station, and we're not part of a university.

Ways to support

WMNF volunteers have fun providing a variety of needed services to keep your community radio station alive and kickin'.

Traffic Jam Tuesday
Player position: